The president of a small construction company was notorious for losing receipts for purchases. After a trip to the builder’s supply store where he’d buy hundreds of dollars in fixtures or hardware, the receipts would end up being thrown away with the plastic shopping bags.
Those he managed to hold onto until he reached his truck would wind up on the floorboard, and eventually flutter away one afternoon on a dusty construction site. Others might make it into a file folder mixed with other folders on the dashboard and wind up in a cabinet filed with the wrong project.
Even when they did make it to the bookkeeper’s desk, cryptic product codes on cash register receipts made it impossible to tell if the purchase was for plumbing or paint. He may have purchased hundreds of dollars in materials for two or three jobs, but there was no way to tell what purchases should be charged to which customer.
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